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FEDERAL H.4.1 'f^ri^v RESERVE Factors Affecting Bank Reserves and Condition Statemrejt of F.R. Banks For immediate release April 14, 1966 The average of daily figures of total member bank reserves held during the week ended April 13 decreased a net of $6 million to $22,367 million. Estimated currency and coin of member banks decreased $2 million and their reserve balances at the Federal Reserve Banks decreased $4 million . Estimated required reserves increased $28 million; and estimated excess reserves decreased $3^ million to $318 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $285 million, compared with the revised net borrowed figure of $271 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $111 million in U. S, Government securities held under repurchase agreements and $20 million in member bank borrowings, and an increase of $360 million in currency in circulation . The principal offsetting changes were increases of $232 million in Federal Reserve float and $22 million in Treasury currency outstanding, and decreases of $171 million in Treasury deposits with Federal Reserve Banks, $49 million in "other" F. R. accounts (net), and $15 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $106 million. As of Wednesday, April 13, holdings of U. S. Government securities bought outright were unchanged from a week earlier, U. S. Government securities held under repurchase agreements were $124 million lower, and member bank borrowings were $^93 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Discounts and advances-Member bank borrowings Gther Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Cther deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) i Average;s of dailv figures Week ended Change from week ended Wednesday, April ±k, April 13 April 13, April 6, 1966 1965 1 1966 1966 (In millions of dollars) 40,787 34 77 4o + 8 -111 +3,16^ + - + 1 4 603 20 - 20 1,869 ^3,43.1 13,633 5,760 62,824 +232 +106 41,864 +360 - 1 -171 - 15 -_ -i- 22 +128 240 9 +131 18,778 3.589 22,367 22,049 + - + 199 +1,078 +1,038 •:• 40 318 4 2 6 28 34 297 20 + 206 + 5 + 362 +3,548 - 886 + 354 +3,017 44,o46 + 8 - 49 76 69 23 +2,772 + 192 - 772 — + 193 - 246 +2,138 933 138 158 395 558 40,787 879 1.540 43,029 13,634 5,760 62,423 4i,904 950 210 153 1 4oo 1 454 44,071 , 18,352 4,145 1 22,497 22,153 1 344 On April 13, i960, U # S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,489 million, a decrease of $111 million for the week and a decrease of $121 million from the comparable date a year ago. H. h. 1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (tn millions of dollars) Apr. 13, 1966 A S S E T S Gold certificate account Redemption fund for P. R. notes Total ..gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 1 / TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (873) Change since Apr. 14, Apr. b, 1965 1966 11,468 1,717 13,185 - 21 + 7 - l4 -1,126 + 180 - 946 212 317 + 3 -493 + + 89 40 76 69 -- + + 21 7 9,278 12 24,926 6,571 40,787 24o Hi,027 41,489 + 31 ------ -124 -124 +2,274 + 12 - 765 +1,643 +3,164 z 11 -586 +3,085 +3,153 (1,691) 7,116 +749 576 102 809 (2,564) 62,913 -- + 38 +190 12 +2,860 (873) 36,857 +127 +2,506 -736 +102 - 1 + 47 -588 + + + + +757 - 11 +285 + 4o4 336 +2,805 - 95 +190 + 23 + 27 + 5 +2,860 18,352 210 153 4oo 19,115 (1,691) 5,576 191 (2,564) 61,739 C A P I T A L A C C O U N T S 560 Capital paid in Surplus 551 Other capital accounts 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,564) 62,913 613 586 6 198 231 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on 5. the following pages—not consolidated) 3^9$ -.2$ Contingent liability on acceptances purchased for foreign correspondents 132 + 4 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. i/lncludes assets denominated in foreign currencies and IMF gold deposited. ^/includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 13, 1966 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U, S, Government securities Changes Discounts and during week Holdings Acceptances advances Uithin 15 days 1,213 90 292 - 76 11,031 16 days to 90 days 55 25 13,820 91 days to 1 year Over 1 year to 5 years 13,273 Over 5 years to 10 years 1,305 Over 10 years 385 -124 Total 1^5 317 hi,027 H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE EANK ON APRIL 13, I966 Total Boston New York Philadelphia Cleveland RichAtlanta Chicago mond St. Louis Minneapolis Kansas Dallas City San FranCisco (In millions3 of dollars) A S S E T S 11,468 1,717 13,185 691 97 788 2,294 416 2,710 600 91 691 1,019 3*3 1,162 986 137 1,123 648 101 749 2,119 313 2,432 443 64 507 168 32 200 404 66 470 281 57 338 1,815 200 2,015 873 212 5h 13 232 29 46 12 73 27 78 12 110 22 72 31 3^ 12 19 5 30 11 55 12 70 26 Discounts and advances 317 Acceptances: Bought outright 76 Held under repurchase agreements 69 U. S. Government securities: Bought outright-Bills 9,278 Certificates 12 Notes 2k,926 Bonds 6,571 Total 40,787 240 Held under repurchase agreements 57 h9 17 6 8 3^ 64 15 20 3^ 8 5 76 69 -— -— -— -— — — — — --- -— 483 l 1,298 3^2 2,124 — 476 2,3^7 1 3 6,305 1,279 1,662 337 10,317 ' 2,093 — 240 748 1 2,008 529 3,286 — 649 1 1,7^ 4 60 2,854 -- 504 1 i,35J+ 357 2,216 -- 327 # 876 231 1,^ --. 196 # 527 139 862 -- 356 Total U. S. Government securities 41,027 2.124 10,557 2,093 3,286 2,854 2,216 6,709 lMk Total loans and securities 41,489 2,181 10,751 2,110 3,292 2,862 2,250 6,773 8,807 102 809 55^ 3 31 1,469 9 340 57^ 3 34 627 5 53 731 753 20 36 65,477 3,624 15,5^0 3,9^0 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS l/ 3, ^70 5,239 5 39 M50 1,526 2 4,100 1,081 — — 955 252 1,563 -- 378 * 1,018 268 1,664 -.- 1,288 2 3,462 913 5,665 -- 862 1.563 1.664 5.665 1,449 882 1,597 1,672 5,670 1,469 20 96 452 7 22 266 3 is 553 7 27 445 10 30 914 10 86 10,893 2,483 1,390 2,695 1 2,562 8,791 6,709 -- Includes assets denominated in foreign currencies and IMF gold deposited. — — * Less than $500,000. * STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 13, 1966 H.4.1(c) Cleve- R i c h ~ [Atlanta Chicago mond land ( I n m i l l i o n s of d o l l a r s ) St; Louis 2,220 3,187 3,380 2,169 6,853 1A26 783 l+,930 17l+ 1/1+6 27321 5,471 686 1 8 2 697 1,359 2 13 * 1,37^ 76l 1 7 7 "775 1,051+ 21 9 l i7o8l 2,608 1 21 3 2,633 636 1 5 l ®+3 7,267 515 1,157 1+81 558 620 605 1,208 191 64,303 10 3,567 54 15,235 9 15 57l3~S 13 577B9 10 3,869 560 551 63 27 27 3 l46 l44 15 30 30 50 50 5 29 28 4 65,477 3,624 15,540 3A70 5,239 4,850 New York Total Boston Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer—general account Foreign Other Total deposits 37.730 2,259 8,553 18,352 210 153 775 1 7 19,115 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Philadelphia Minne- Kansas Dallas apolis City San Francisco L I A B I L I T I E S lj-00 3?^J 708 1,421 1,19U l+,360 1+20 2 4 * i+25" 785 2 6 2 795 924 2 6 l 935 3,4i4 2 19 62 37^ 367 224 1*20 357 755 29 10,723 7 27P+3 4 1,362 8 25 T&ft ^W: 34 33 4 81 79 10 19 19 2 13 13 2 25 21+ 3 33 32 3 73 72 3,940 10,893 2,483 1,390 2,695 2,562 6,791 7 "27SH3" CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,363 9,088 2,298 440 1,000 500 16 1,900 2,4i6 1,945 2,385 8,200 9,200 8 19 7 FEDERAL RJGIiRVE AGENT'S ACCOUNTS 3~!+35 37551 273W 77205 I75I5" 3,551 600 888 425 1,100 2,950 3,550 2,697 3,585 1,975 2,4oo 6,40C 7,500 l/ After deducting $107 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3,1 After deducting $ 98 million participations of other Federal Reserve Banks. 8 12 3/3^ 132 315 14 1,310 1,639 1,503 1,293 T+TW 127 225 180 735 625 752 i,3CQ 1,525 i.-no 1,310 4.?oc 5,035 73b" * Less than $500,000.
@FedFRASER